The Effectiveness of Current Gas Security of Supply Arrangements: a Consultation
Starting Date: 16-10-06
Closing Date: 12-01-07
This consultation follows up on the commitment in the Energy Review report to consult with both industry and consumers on:
the effectiveness of current gas security of supply arrangements
their robustness as we move to higher dependence on gas imports over the next 10-15 years
whether new measures are needed to strengthen them.
We explained in the Review report that we continue to believe that well-functioning markets are the most effective mechanism for ensuring adequate investment in gas infrastructure.
This consultation document:
considers in greater depth what we actually mean by security of gas supply
examines the extent to which the current policy framework is likely to deliver security of supply
assesses the new challenge faced as the flexible sources of near-to-market gas in the UK Continental Shelf decline; and
seeks views on the costs, benefits and risks of some possible adjustments to the current commercial and regulatory framework to strengthen our ability to rise to that challenge